Investing.com – spanish banking didn't start this tuesday due to the change in recommendations in the target price in their shares by analysts Morgan stanley (Nyse :). During the day, the company that suffered the most from this new perception of the analytical department of an international bank is BBVA (MC :), which leaves more than 4%.
In fact, the entity, still directed by Francisco González, is the value that falls to him by a majority. In this sense, Morgan Stanley lowered the target price to 6.3 euros.
Other subjects who were also affected by the change in opinion of Morgan Stanley, Banco santander (MC 🙂 and Sabadell (MC :). The bank, led by Ana Botin, also sees analysts reducing their potential from 5.9 euros to 5.8 euros. For its part, the Catalan bank, which moved to headquarters after political instability, sees that it lost its target price of 1.75 euros, staying at 1.45 euros per share.
However, Banco Santander is on course during the trading session, and Banco Sabadell is burdened by pessimism and loses more than 1.5%.
Caixabank (MC 🙂 saved from burning
The only bank that benefited from the Morgan Stanley report was Caixabank. Analysts raised the target price of the stock by 20 cents to 5 euros.
It should be noted that Caixabank introduced a new Company strategic planThus, the company has set its goals for 2021 and expects that over the next two years, profitability will reach 12% compared to 10% that it currently has.
For this to happen, as the bank explained, the resources of the managed clients must be increased. This means that 43% of these resources come from long-term customer savings and the sale of insurance.
Despite the two news stories around Caixabank, the market returns to the bank’s securities at the beginning of the session, because drops by 1% and is 3.68 euros.
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